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Bank of England rate cut hangs in balance as Carney bows out
The Bank of England is closer to cutting interest rates next week than at any time in the last three years, as governor Mark Carney chairs his last policy meeting and Britain finally leaves the European Union. Growth at the tail end of 2019 slowed to its weakest since 2012, prompting Carney and two other policymakers to speak publicly about the possibility of a rate cut, adding their voices to two others who had already voted for looser policy. But there has been a bounce in business and consumer sentiment since Prime Minister Boris Johnson won re-election on Dec. 12 with a bigger than expected majority. Twinned with ... (full story)
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- Edited 9:36pm Jan 25, 2020 10:55am | Edited 9:36pm
- Lamplighter
- | Joined Sep 2017 | Status: Member | 1006 Comments
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- Jan 25, 2020 12:10pm Jan 25, 2020 12:10pm
- UKBanter
- | Joined Mar 2017 | Status: Member | 938 Comments
The elites think we are stupid. They are in the main quite correct.